Defining the “national brand” concept 2018 marked an impressive year for Vietnamese businesses in the international arena. Two Vinfast-made sedans and SUV models that were launched at an auto show in Paris (France) have surprised even the largest car manufacturers in the world. Only one year after its establishment, Vinfast has launched its first two car models with dynamic designs, in line with modern trends. Rice was once a strong export item of Vietnam, but now has "retreated" to give way to others, such as seafood exports (about US$9 billion) and fruit exports (over US$4 billion). In the seafood sector, Vietnam is a "pangasius giant", with an absolute market share of more than 90%. However, the national brands and products exported to the world lack their own characteristics and outstanding values representing Vietnam, the values when it comes to discussions, people can immediately recognise that it is a Vietnamese enterprise and Vietnamese values. … [Read more...] about Positioning Vietnamese value
Toyota brand value
The Office of the Government said on February 23 that it will hold a meeting with representatives from business associations, enterprises, and foreign embassies regarding the obstacles in the newly-issued Decree No. 116 and the Ministry of Transport’s Circular No. 3 on new car import regulations. The February 26 meeting, to be chaired by Minister and Chairman of the Office of the Government Mai Tien Dung, will be attended by representatives from foreign embassies such as the US, Japan, South Korea, and the EU. The Vietnam Automobile Manufacturers’ Association, the Japan Business Association, the South Korea Business Association, the European Chamber of Commerce, and representatives from a number of automobile manufacturers and dealers will also be in attendance. The meeting comes at a time when Japanese auto manufacturers have decided to suspend exports to Vietnam following the issue of Decree No. 116 on car manufacturing, assembly, importation, and warranties; a move … [Read more...] about Government to hold meeting on new car import regulations
Viet Nam News HÀ NỘI — Việt Nam’s automobile industry is at cross roads, lagging behind ASEAN competitors, according to a report launched by the International Finance Corporation (IFC) and the Ministry of Planning and Investment (MPI) early this week. With the tariffs on vehicles imported from other ASEAN countries eliminated to zero per cent from January 1, 2018, the report said that there was a risk that Original Equipment Manufacturers (OEMs) will shift production to other countries. “This dynamic makes it all the more urgent that a ‘leap-frog’ strategy be adopted by launching a highly persuasive proactive campaign to motivate OEMs to establish or expand their operations in Việt Nam,” said the report. “In parallel, it’s also important for Việt Nam to reach out to the global top 100 Tier One automotive component suppliers,” it said. To reach the target, the report recommended that Viet Nam … [Read more...] about VN’s auto industry at crossroads: report
Why is CMC Telecom among Top 25 Managed Service Providers 2018? CMC Telecom Data Center is the first and only Data Center in Vietnam that has a PCI DSS certificate In May 2018, APAC CIO Outlook magazine voted CMC Telecom as one of 25 Top Managed Service Providers in Asia Pacific. CMC Telecom is the only Vietnamese telecommunications company to make the list. The Top 25 Managed Service Providers 2018 is an award selected and assessed by a team of senior executives such as CIO, CEO, CMO and editorial staff of APAC CIO Outlook and designed for enterprises that have high-quality solutions, network managed services and are managed effectively, securely and reliably. CMC Telecom offers diversified integrated telecommunications and information technology services in the form of “one-stop-shop” ICT for enterprises. The competitiveness of CMC Telecom is shown in the advanced international technology application, high quality services and dynamic steps in the development … [Read more...] about Why is CMC Telecom among Top 25 Managed Service Providers 2018?
General Motors (GM.N) has agreed to transfer its Vietnamese operation to VinFast Trading and Production LLC and distribute Chevrolet cars through the local carmaker, in a move that could help drive up its modest sales in the country. The U.S. automaker will transfer full ownership of its Hanoi factory to VinFast for the Vietnamese firm to produce small cars under a GM global license from 2019, the companies said in a statement on Thursday, without disclosing a value for the deal. As part of the deal, VinFast, a unit of Vietnam’s biggest private conglomerate - Vingroup JSC VIC.HM, will be the exclusive distributor of the Chevrolet in Vietnam. “The GM-VinFast strategic partnership will best position the Chevrolet brand and dealer network for long-term growth in Vietnam by leveraging GM’s global scale and expertise, married with VinFast’s domestic strength and insight,” said Barry Engle, executive vice president and president of GM International. The … [Read more...] about GM to transfer Vietnam operation to Vingroup’s car arm, eyes sales boost